SOURCE: ADB International Group

October 26, 2010 06:30 ET

ADB International Group, Inc.'s (ADBI) 50% Subsidiary, Subsea Oil Technologies, Inc., Plans to Expand and Enhance the Value of Its U.S. Intellectual Property (IP) Portfolio Associated With Containing a Defective Blowout Preventer (BOP)

MIAMI, FL--(Marketwire - October 26, 2010) -  ADB International Group, Inc. (PINKSHEETS: ADBI), through its 50% investment in Subsea Oil Technologies, Inc., (Subsea), has been making plans to expand its intellectual property (IP) portfolio of patent applications associated with solutions for containing oil spills, as the U.S. Government lifted its ban imposed on deep-water oil drilling in the Gulf of Mexico.

U.S. Interior Secretary Ken Salazar recently announced that the U.S. is now lifting the ban on deep-water drilling for operators that are able to meet the higher standards that have now been set.

"Based on prior art searches of the United States Patent and Trademark Office (USPTO) databases that Subsea has performed thus far, we believe that the technology associated with containing oil and/or gas spewing from a defective blowout preventer (BOP) has never been addressed in a patent application prior to the 2010 BP/Deepwater Horizon oil spill," stated Scott Wolinsky, the inventor of the BOPstopper. Mr. Wolinsky further stated, "With its five (5) pending patent applications, Subsea believes that it already has a valuable IP portfolio which include a broad scope of legal claims associated with this technology. Subsea plans to further expand and enhance the value of its IP portfolio by filing several more continuation patent applications, as well as by establishing a technical collaboration with additional inventors having extensive experience in this field." 

Subsea's "BOPstopper" is designed to substantially isolate a defective BOP stack, that spews oil and/or gas, from the ocean by completely circumventing and encasing the defective BOP.

Multiple patent applications have been assigned to Subsea that disclose procedures and apparatus configurations for containing deepwater oil rig blowouts. The solutions are designed to substantially isolate a defective BOP stack that releases oil and/or gas into the ocean by completely circumventing and encasing the defective BOP.

Additional details regarding Subsea's intellectual property (IP) portfolio, some of the technical features disclosed by the patent applications and information about the Inventor of this technology may be accessed through the "Subsidiaries" webpage of ADBI's website at or through

ADB International Group, Inc. (ADBI) is a holding company that invests in strategic global corporate acquisitions in important market sectors that demonstrate significant growth potential. ADBI intends to expand into Green Energy Industries, Emerging Technologies, Financial and Business Services and other growing and awakening markets. ADBI plans to provide managerial and financial support to allow each project and subsidiary to concentrate on its specific industry and unique business plan. Partnering with strong management, investing in growth, achieving operational improvements and applying the Company's global resources are all part of ADBI's formula for building value for our investors and shareholders.

Safe Harbor Statement: Under the Private Securities Litigation Reform Act of 1995 this news release contains forward looking statements within the meaning of Section 27A of the Securities Act, as amended, and Section 21E of the Securities Exchange Act, as amended. Forward looking statements often include words such as expect, hope, anticipate, believes, etc. Forward looking statements involve both known and unknown risks and uncertainties that may cause actual results and performance to differ materially from those expressed in this press release.

Contact Information

  • Contact:
    ADB International Group, Inc., Miami, Florida
    Steven M. Plumb